Regulatory Alerts2018-09-21
Amendments Proposed to the Enforcement Decree of the Act on Reporting and Use of Certain Financial Transaction Information
The Financial Services Commission proposed amendments to the Enforcement Decree of the Act on Reporting and Use of Certain Financial Transaction Information. These revisions align domestic reporting requirements with international anti-money laundering standards set by the Financial Action Task Force. The updated decree strengthens regulatory consistency and streamlines compliance for financial institutions.
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